A leverage by is one where there is.
Answer:
The correct answer is the third option: Investments in human capital.
Explanation:
To begin with, the neoclassical economics focus mostly in the study of the economy by paying most of the attention to the individual parts of it, saying that, this science accepts a methodological individualism and it focus in a rationality at long term and that is why it basically would find the investment in human capital as an element that would underpins long run productivity growth in the economy. Moreover, there is a principle in a neoclassical theory that states that the individuals act over the bases of complete and relevant information and therefore that it must focus on them primarily by investing in them.
Answer:
a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.
Explanation:
The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.
They include: planning, organizing, leading, and controlling.
